Business, Consumer Services, & Housing
1701 Business Oversight

Effective July 1, 2013, pursuant to the Governor's Reorganization Plan No. 2 of 2012, the Department of Financial Institutions and the Department of Corporations were merged to create the Department of Business Oversight (Department) in the Business, Consumer Services, and Housing Agency. The 2012-13 information for the Department of Financial Institutions and the Department of Corporations is displayed in Organization Code 2150 and 2180, respectively.

The Department regulates state-licensed financial institutions, products and professionals to provide accessibility to a fair and secure financial services marketplace. More.....

MAJOR PROGRAM CHANGES Back to Top
  • The Governor's Budget includes $2.7 million and 19 positions in 2014-15 and $5.2 million and 36 positions in 2015-16 and annually thereafter for the Department to establish cyclical examinations of broker-dealers and investment advisors.
PROGRAMS Back to Top
The following table presents total proposed budget year positions and expenditures for each budgeted program area. These expenditures include all funding sources that support the state agency's programs.
Code Program
 Proposed
2014-15*
Positions
Dollars
10 Investment Program
141.0
$25,351
20 Lender-Fiduciary Program
126.5
22,906
30 Licensing and Supervision of Banks and Trust Companies
135.0
23,153
35 Money Transmitters
24.0
3,336
40 Supervision of California Business and Industrial Development Corporations
-
31
45 Savings and Loan
-
80
50 Industrial Banks
8.0
920
55 Administration of Local Agency Security
4.0
415
60 Credit Unions
59.0
7,604
90.01 Administration
103.5
14,218
90.02 Distributed Administration
-
-14,218
Totals, Positions and Expenditures (excluding Infrastructure)
601.0
$83,796
 
 Infrastructure Expenditures
-
-
Totals, Positions and All Expenditures
601.0
$83,796

Refer to the Program Descriptions for a description of programs operated by this state agency.

Refer to the 3-Yr Expenditures & Positions for expenditures, positions, and funding detail.
PRINTABLE BUDGET DOCUMENTS Back to Top
The following identifies budget documents for this state agency that are available in a printable (pdf) format.

Entire Business Oversight Budget (pdf * - 25K) in pdf format.
This document provides a printable format (pdf) of all budget information for this state agency. Note: Along with other information, this document includes the documents listed below.

 Fund Condition Statements ONLY (pdf * - 8K)
This document provides a printable format (pdf) of only the fund condition statements for each fund administered by this state agency.

 Detail of Appropriations and Adjustments ONLY (pdf * - 2K)
This document provides a printable format (pdf) of only the detail of appropriations and adjustments for this state agency.

ADDITIONAL INFORMATION Back to Top
Legal Citations and Authority
Includes the legal citations (state statutes, federal statutes, and court orders) for operation of department programs and activities.